DLavrov

Siacoin Trading Opportunity

Long
POLONIEX:SCBTC   Siacoin / Bitcoin
New trading opportunity for Siacoin. The market is going to reverse and start upward movement. The price diverged with MACD and RSI and it gave us a strong trend reversal signal. We can trade based on a breakout signal. The previous swing high is above SMA100. If the price breaks SMA100 and this high, we'll get a good confirmation of further upward movement. Now MACD supports downward movement and we should wait for the reversal. RSI is going to confirm price reversal from the support level. We don't have strong signals for buying now, but breaking above the previous high will give such signals. Pending orders for buy should be placed at 0.00000078 level with stop orders at 0.00000055 level. Profit targets are 0.00000150 and 0.00000300 levels.

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